29/09/2026
🚨 Barbados businesses: Beneficial Ownership compliance is now here.
The Beneficial Ownership Transparency and Register Act, 2026 (Act 2026-16) introduces important requirements for businesses to identify, verify, document and keep information about the individuals who ultimately own or control them.
Do you know who qualifies as a beneficial owner?
Do you know what information your business needs to maintain?
Do you know the deadlines and potential penalties for non-compliance?
Our video breaks down the key points in simple, practical terms, including the 20% ownership threshold, ongoing reporting requirements, the 14-day update period, annual confirmation requirements and penalties of $500 per day up to $10,000 for certain late filings.
🎥 Watch the full video:
YouTube: Beneficial Ownership Act Explained
📚 Need help getting prepared?
We have resources available to help you understand and organize your beneficial ownership information:
TQS Connect Resources
Know who owns and controls your business. Know what you need to report. Be prepared.
